Belgium Advocates for EU-Wide Blockchain Network During EU Council Presidency

<h3>Belgium's Role in the EU Council</h3>
<ul><li>Presidency Role: Belgium is set to assume the presidency of the EU Council, bringing together ministers from member states.</li><li>Focus on Blockchain: During its six-month tenure, Belgium plans to rally political support for an EU-wide blockchain network.</li></ul>
<h3>Mathieu Michel's Vision</h3>
<ul><li>Unified Digital Infrastructure: Michel envisions a digital infrastructure across the EU for storing records like driving licenses and property titles on a common blockchain.</li><li>European Blockchain Services Infrastructure (EBSI): This initiative, started in 2018, aims to gain momentum and political backing during Belgium's presidency.</li></ul>
<h3>Political Dynamics and Support</h3>
<ul><li>Member State Involvement: Eight EU member states are reportedly on board with the initiative.</li><li>EU Council’s Role: As the bloc's highest political entity, the Council's support is pivotal for the project's success.</li></ul>
<h3>The Pursuit of Digital Sovereignty</h3>
<ul><li>EU’s Focus: Michel highlights the role of artificial intelligence and blockchain in achieving digital sovereignty, including control over data and authority in cyberspace.</li><li>Regulatory Frameworks: The EU has been proactive in legislating digital space areas, including crypto, AI, and data sharing.</li></ul>
<h3>The EU's Regulatory Landscape</h3>
<ul><li>Comprehensive Digital Regulations: The EU is on track to become the first major jurisdiction with a broad regulatory framework for digital assets, following the finalization of the Markets in Crypto Asset (MiCA) regulation.</li></ul>
<h3>Conclusion</h3>
<p>Belgium's initiative to push for an EU-wide blockchain network underlines the increasing recognition of blockchain technology's potential in streamlining governmental processes and enhancing digital sovereignty. This move could significantly impact how member states manage data and engage in the digital domain, positioning the EU as a leader in integrating blockchain technology at a continental level.</p>

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